Blackstone's Trading Volume Drops 33.69% to $351 Million Ranking 222nd as it Acquires TXNM Energy for $11.5 Billion

On May 23, 2025, Blackstone (BX) experienced a significant decline, with its trading volume dropping by 33.69% to $351 million, ranking 222nd in the day's market activity. The stock price fell by 0.59%, marking the ninth consecutive day of decline, with a total decrease of 8.64% over the past nine days.

Blackstone has announced a major acquisition, purchasing TXNM Energy for $11.5 billion. This deal is expected to provide substantial capital to support TXNM's subsidiaries, PNM and TNMP, and aligns with the growing demand for power driven by natural gas, renewables, and other energy sources.

Blackstone's infrastructure unit is acquiring TXNM Energy, a utility firm, in a significant $11.5 billion deal. This acquisition is part of Blackstone's strategy to capitalize on the increasing demand for power, particularly in regions with abundant natural gas resources and a focus on clean energy.

Blackstone's recent acquisition of TXNM Energy is seen as a strategic move to secure low-cost power, which is crucial for the company's data centers. This acquisition is expected to enhance Blackstone's position in the energy sector and support its long-term growth objectives.